How do you guys use your business banks for stealth if you want to keep LLC intact?

[thepianoman]

My quesiton is , if you want to have many banks for stealth ebay paypal accounts, how do you keep your banks non personal to keep your llc or s corp seperate so that you don't merge any dealings together with your personal finances?

Sorry , don't know how to word this **** but I hear that the moment money goes into your personal banks it no longer is protected under your LLC rights for not getting sued just in case.

Hopefully someone can read and understand what the f I'm trying to say.

[yankee]

open business checking accounts with your companies. Whats the hangup?

[thepianoman]

Originally Posted by yankee

open business checking accounts with your companies. Whats the hangup?

Ahhh ok so that's how a lot of people on here get many bank acct numbers. Sorry I'm a newbie

I just looked up bank of america business and see they do multiple checking accounts for your company.

[phaz0rz]

Originally Posted by thepianoman

Ahhh ok so that's how a lot of people on here get many bank acct numbers. Sorry I'm a newbie

I just looked up bank of america business and see they do multiple checking accounts for your company.

Not only can you have multiple accounts for one EIN/LLC at one bank, you can have multiple accounts open for one EIN/LLC at multiple banks. Meaning you can end up with 12 business checking accounts + 6 business savings accounts (or however you choose to do it) all for the same LLC. It's no different than stealthers using their personal identity to open accounts at multiple institutions.

[thepianoman]

Originally Posted by phaz0rz

Not only can you have multiple accounts for one EIN/LLC at one bank, you can have multiple accounts open for one EIN/LLC at multiple banks. Meaning you can end up with 12 business checking accounts + 6 business savings accounts (or however you choose to do it) all for the same LLC. It's no different than stealthers using their personal identity to open accounts at multiple institutions.

Okay I see that one business bank says you can have like 20 sub accounts. Is the same available to steathers using their own personal ssn to open a regular account at a bank?

thanks.

[phaz0rz]

Originally Posted by thepianoman

Okay I see that one business bank says you can have like 20 sub accounts. Is the same available to steathers using their own personal ssn to open a regular account at a bank?

thanks.

Yes, you can do the same thing with personal accounts but it would be dumb to have that many accounts all at the same bank. That's putting all your banking eggs into one basket. It's very likely the bank would get suspicious about ACH's from 20 different names coming in and close your accounts, then you'd have 20 PP's with a dead bank account.

It's better to have multiple accounts at multiple banks because it decreases the chances of you suddenly having no usable bank accounts one day.